Prospera Financial Services Inc Has $2.33 Million Holdings in Target Corporation $TGT

Prospera Financial Services Inc grew its stake in shares of Target Corporation (NYSE:TGT) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,803 shares of the retailer’s stock after acquiring an additional 4,201 shares during the period. Prospera Financial Services Inc’s holdings in Target were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after buying an additional 124,371 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Target by 15.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock valued at $30,721,000 after buying an additional 45,803 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Target in the third quarter valued at approximately $8,694,000. Mather Group LLC. raised its position in shares of Target by 7.5% in the fourth quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after buying an additional 10,839 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Target by 3.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 513,123 shares of the retailer’s stock valued at $46,027,000 after buying an additional 18,777 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TGT shares. Mizuho set a $120.00 price target on shares of Target in a research report on Thursday, March 5th. BNP Paribas Exane lifted their price target on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Oppenheimer lifted their price target on shares of Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Roth Mkm reissued a “neutral” rating and issued a $114.00 price objective on shares of Target in a research note on Friday. Finally, Telsey Advisory Group lifted their price objective on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $125.93.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Target Stock Performance

Shares of NYSE:TGT opened at $125.16 on Wednesday. The company’s 50 day simple moving average is $122.85 and its 200 day simple moving average is $110.22. The stock has a market capitalization of $56.85 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 60.24%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.